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Binance delays November Luna Classic (LUNC) token burn amid security concerns after reported hack.

Protocol Fundamentals
04 Nov 2026, 00:24 WIB
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Binance delays November Luna Classic (LUNC) token burn amid security concerns after reported hack.

Binance has not yet conducted its usual monthly burn of Luna Classic (LUNC) tokens for November, a process that has been consistent since March 2023. The burn reduces token supply by destroying a portion of trading fees, benefiting holders by limiting circulation. The delay coincides with reports of a $6.3 billion hack on Binance, prompting speculation that the exchange is performing security maintenance and moving LUNC tokens to safer wallets before burning. Binance's rules allow a burn window until the fifth of the month, so the November burn may still occur within this timeframe. If it does not, it would be the first missed burn since the program restarted in 2023.

Binance Coin (BNB) trades at Rp12.684.328 on Pluang as of Nov 04, 2026 05:41 WIB. The price shows a slight 1-day change of -0.02%, with a market cap of Rp1.668,31 trillion and a 24-hour volume of Rp21,77 trillion. Pluang users currently favor buying BNB with 80% buy orders and a typical hold time of 90 days. This trading activity occurs while Binance delays its usual Luna Classic (LUNC) token burn for November.

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